Infrastructure
Rogozin: Government to decide on creating a state-owned company for developing the Arctic region before November
© RIA Novosti. Mikhail Klimentiev

Rogozin: Government to decide on creating a state-owned company for developing the Arctic region before November

The Russian Government is considering various options for developing the Arctic region, among them assigning this activity to a state company, TASS reports Deputy Prime Minister Dmitry Rogozin told journalists on Friday. He predicts that a solution can be found in the next six weeks.

"Currently a state commission is discussing this issue. <…> I believe that it will be sorted out in the middle of fall," he said. The deputy prime minister pointed out that "it is impossible to solve all Arctic issues in the framework of a state commission only."

"There are several options: one is to assign Arctic issues to a federal executive body. The second option is to create a state-owned company from scratch (but it will take 4 to 5 years to set up), and the third option is to assign it to one of the already existing government-owned companies," Rogozin said.